Executive Salaries Increase in Guatemala

According to a PricewaterhouseCoopers survey, from January to October 2010 the average annual compensation increased 8.1%.

Thursday, November 25, 2010

Of the 501 companies surveyed, 65% granted salary increases to their executives.

The largest increases were in small businesses (10.1% average), followed by large and medium with 7.6%.

Guillermo Muñoz, from PricewaterhouseCoopers, told Elperiodico.com.gt, "the survey was a good indicator that executive salaries were not affected by the economic crisis."

More on this topic

Executive Salaries Increase in Guatemala

August 2011

According to a Price-Waterhouse Coopers survey for the second half of 2011, yearly executive salaries will grow by 8.7%.

According to the survey, Salary Information Enterprise System (SEIS), conducted among a group of 102 companies, 54 national and 48 multinational operating in the country, wage increases will be 8.9% for domestic companies and 8.3% for multinationals.

Do You Want My Services? Pay More ...

July 2011

Good executives are scarce in Panama, so much so that national firms are imitating the classic payment compensation methods of multinationals.

Panamanian executive’s pay has risen by 8.3%, while those in middle management went up by 7.3%, according to a salary survey conducted annually by KPMG.

Salaries of Guatemalan administrators go up despite crisis

December 2008

Almost all Guatemalan companies plan to increase the salaries of their managers next year, despite the international financial crisis.

96% of the companies intend to increase executive salaries, according to a survey by PriceWaterhouseCoopers carried out among those companies which use their services.

Executive salaries rise 12.5% in Panama

June 2008

A survey carried out by PriceWaterhouseCoopers between April 2007 and May 2008 shows that executives have gotten average raises of 12.5 percent.

The reason for the increase is the need for companies to attract and hold personnel in a growing economy.
The survey "Business System of Salary Information", which the accounting firm carries out each year, shows that the 12.5 percent increase exceeds that of average salaries, which rose by 9.3 percent during the same period.

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